What is a Power Of Attorney

What is a power of attorney for a senior family member and what does it do?

A power of attorney for a senior family member is a legal document that gives another person the authority to make decisions on behalf of the senior family member. This can include decisions about finances, healthcare, and other areas of their life. The person who holds the power of attorney is known as the "attorney-in-fact."

There are two main types of power of attorney: Durable and Springing. Durable powers of attorney remain in effect even if the person who granted them becomes incapacitated. Springing powers of attorney only take effect if the person becomes incapacitated.

The decision to grant someone power of attorney should not be taken lightly. It is a serious responsibility that should only be given to someone who is trustworthy and who will act in the best interests of the person granting the power.

When granting power of attorney, the document should be signed by the person granting the power (the "grantor"), as well as two witnesses. The witness cannot be related to the grantor or have a financial interest in the document. The document should also be Notarized by a Notary Public.

Reasons Why Senior Family Member Should Consider Having a power of attorney 

There are many reasons why a senior family member should consider having a power of attorney. One reason is that it can provide peace of mind. If something happens to the senior and they are unable to make decisions for themselves, the power of attorney will ensure that their wishes are still carried out. Another reason is that it can help simplify things in the event of an emergency. If the senior becomes incapacitated, the power of attorney can act on their behalf and make decisions for them. This can prevent family members from having to go through a long and complicated legal process in order to take control over the senior's affairs. Lastly, having a power of attorney can help protect the senior's assets. If something happens and they are no longer able to manage their finances, the power of attorney can ensure that their money is still taken care of.

There are many reasons why it's a good idea for seniors to have power of attorney. One of the biggest reasons is that a power of attorney can help ensure that the senior's wishes are carried out even if they are no longer able to make decisions for themselves. For example, if the seniors are unable to make decisions for themselves, the power of attorney will ensure that their wishes are still carried out. Another reason is that it can help simplify things in the event of an emergency. If the senior becomes incapacitated, the power of attorney can act on their behalf and make decisions for them. This can prevent family members from having to go through the hassle and stress of dealing with an emergency situation. Finally, a power of attorney can help protect the senior's finances. If something happens and they are no longer able to manage their own money, the power of attorney can step in and take care of things for them.

There are many reasons why seniors should have power of attorney. Some of the most important reasons are that it can help ensure that the senior's wishes are carried out, it can simplify things in an emergency, and it can help protect the senior's finances. Having a power of attorney in place can give peace of mind to both the seniors and their loved ones.

Conclusion paragraph: So, what do you think? Is a Power of Attorney for a senior family member something you could consider? It’s not as daunting as it may seem at first and can provide peace of mind for everyone involved. If you have any questions or want more information on the process, please don’t hesitate to reach out to us. We would be happy to help!

PDX Signing, we promise to help our clients officiate their POA documentation process. We help them with the signing process once you assign the Power of Attorney notary Portland, Beaverton, and Hillsboro. ,